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FOX Business
May 4, 2013 1:00am EDT
with low taxes. climate makes up about 5 percent of people's decisions. a small quality of life factor. not the big factor everyone thinks it is. >> and we see that in the data. states without an income tax to doing very well, states like wyoming, states like washington state. all gaining people and then come john: so it's not just the weather. what one of the main things to learn? >> out of all 50 states there are nine men put a price of work is zero. that makes them very competitive compared to a basket of other stat that have a high price on work. john: price of work. >> state income tax. >> nine income tax. the big analysis for states like texas and gains of $2 billion last 15 years. those states like them gained 146 billion. the reverse, stays with the highest among personal income-tax rate lost. john: the top states, florida, arizona, texas, north carolina, nev., the biggest losers. texas, really? >> i think what i call the magic formula. and it is taxes on one hand and get labor policy on the other which means to a business being free to hire and fire the people you want. what y
FOX Business
May 3, 2013 12:00am EDT
the sparrow asks, find a job. that correlates with low taxes. climate makes up about 5 percent of people's decisions. a small quality of life factor. not the big factor everyone thinks it is. >> and we see that in the data. states without an income tax to doing very well, states like wyoming, states like washington state. all gaining people and then come john: so it's not just the weather. what are the highlights? one of the main things to learn? >> out of all 50 states there are nine men put a price of work is zero. that makes them very competitive compared to a basket of other states that have a high price on work. john: price of work. >> state income tax. >> nine income tax. the big analysis for states like texas and gains of $2 billion last 15 years. those states like them gained 146 billion. the reverse, stays with the highest among personal income-tax rate lost. john: the top states, florida, arizona, texas, north carolina, nev., the biggest losers. texas, really? >> i think what i call the magic formula. and it is taxes on one hand and get labor policy on the other which means to
May 2, 2013 7:00am EDT
mexico. a discussion about propose internet sales tax host: one of the issues to be discussed today when president obama meets with the new mexican president, enrique peÑa nieto, will be the war on drugs. that is what we want to talk to you about this morning on the "washington journal" as we go through the newspapers and the websites. if you support the war on drugs, (202) 585-3880 is the number for you to call. if you are opposed to it, you can also make a, and dash a comment on our facebook page. you can send it they tweet @cspanwj, and of course you can e-mail us. again, we are talking about the war on drugs, one of the topics to be discussed when president obama meets with the new mexican president later today. they will be holding a news conference and cease and will be bringing that to you this evening as well. a piece in the washington peace -- the washington post last sunday with the lead story in the post -- mexico's changes, and anti-drug fight in peril. host: dana priest writes -- and what is at stake should be alliance be scaled back. u.s. officials got their fir
FOX News
May 4, 2013 8:30am PDT
't we paying enough for all of tholce new taxes. plus. may day. unions demanding the halftime deporting immigrantings. does big labor have the interest of undocumented workers in mind or all about saving themselves. cash in looking out for your best interest right now. i am eric boling, welcome to cashing in . john and tracey are in the studio and joining us is president obama's former top economic advisor in the boot school of business mr. austin goldsbee. first. democratic senator mabaccus said the healthcare law could be headed for a train wreck. >> unless we implement it properly it is a train wreck. i agree. >> we are not spending enough money to implement it properly. >> yes. we have the menu, but we don't have way to get to the menu. >> start with that. that is chalk full of taxs and fees to pay for it. and that spending more money and taxings. and it is a train wreck. doctors leaving the practice and insurance premiums going up and hours cut at work and that is it the result of central planning. that leads to the destruction of valuings. for the president to say it is it a bump
FOX News
May 4, 2013 11:00am PDT
, the senate is preparing to push the renewed internet sales tax. bring and mortar retailers say it's only fair but fair to whom? and red lines in the sand. a look at the administration's shifting response to reports of chemical weapons use in syria. welcome the journal editorial report i'm paul guy guy i gigot. coming off defeats gun control and spending sequester and facing a tough battle on immigration reform. the president was asked during a press conference tuesday whether he still had the juice to get things done. >> maybe i should just pack up and go home. as mark twain said, rumors of my demise make me a little exaggerated at this point. right now things are pretty dysfunctional up on capitol hill. despite that i'm actually confident that there are a range of things that we are going to be able to get done. >> paul: joining the panel this week "wall street journal" columnist and deputy editor dan heatinger assistant. james freeman and washington columnist kim strowfl. so, kim, you are down there in that hot house. is this the new. >> lucky. >> paul: is this the new consensus that presid
FOX Business
May 2, 2013 9:20am EDT
with us today, we appreciate it. we could have a vote on the internet sales tax as soon as next week. our next guest is a businessman who is in favor of applying state sales taxes to internet selling. and gary shapiro is the ceo of the consumer electronics association, gary, first of all, i want to straighten myself out for a second here, i live in new jersey, if i log on to the commuter, buy something on amazon and buy something from another state. am i supposed to pay sales taxes on the on-line purchase? that's what i'm supposed to do, right? >> the state of new jersey requires that you voluntarily report to them all of your internet purchases. stuart: nobody does, do they? >> actually i do. stuart: you've got to. >> i'm in the minority. i don't have to and some people do. people are in jail today because they have not done it which is one of the great reasons for this law. it allows arbitrary government enforcement. it allows the next supreme court nominee not to be confirmed, perhaps, because they didn't pay internet sales tax, like the nanny tax. i mean, today, this is something we d
May 4, 2013 12:30pm PDT
, economic ties. nieto is working to break telecom monopolies in mexico, to rework the nation's tax code, to expand the oil industry. president nieto wants new trade agreements with the u.s. and with other nations. trade between the u.s. and mexico going both ways was $520 billion in 20 126789 mexico is the u.s.'s second biggest export market for u.s. goods and for 22 of our 50 u.s. states mexico is the number one export market. on the flip side, the u.s. is the number one buyer of mexican goods. three, immigration reform. another big obama mexico priority. notably, president obama's endorsement of the pass for citizenship for the 11 million illegal aliens in the u.s. mexico has long l protection fo who work in the u.s. >> question, what is mexican president enrique pena nieto's principle concern regarding immigration? >> i think what he wants desperately is amnesty and a path to citizenship, ires access for mexicans to come to this country. i think he is remaining somewhat silent because he knows it's sensitive. i know he knows that marco rubio is an indispensable man and not barack oba
May 4, 2013 6:00am EDT
of income. payroll taxes and interest income on the trust fund is built. i can go into that and a little more detail, but i'm not sure you'd want me to. the point is the current projections by the social security administration and the congressional budget office and what you see in the media all the time that in 2033, the latest estimate they have come a social security will run a run in the trust fund. that means i will have to pay benefits as the current payroll tax revenue coming in. what that means that projections are correct and remember these are only projections for social security would only have enough money to pay 75% of benefits in 2033. what that means is that congress would either have to -- how was it has to be sent in to balance the books because social security is not legally able to draw from other sources. it has to use the income it gets from those two sources i mentioned. congress would have to cut benefits, to match the money coming in or have to raise payroll taxes or figure out some other source of income to adding to make up the difference. so that is what we ar
Apr 30, 2013 6:00am PDT
attempts by different governors across the country to change tax laws. we will talk to the anti-tax man himself about why he opposes some of these measures. >> good morning from danville, new jersey. this is "the daily rundown." saddle up your pony, there is a rainbow in the sky. mr. todd has got a lot to say. so listen up to chuck because he's "the daily rundown" guy. today is going to be a great day. >> here's chuck todd. >> wow. to you don and matt and steve for that video. we learned that we will have a 10:15 a.m. press conference from the president this morning. today is actually the first 100 days of the second term. it is fitting. many presidents like to mark those days with a press conference. the president will be covering that live. let's get to the first reads of the morning. if it's tuesday, somebody is voting somewhere. today it's in massachusetts and it's for a senate seat. voters are already heading to the polls to pick the democratic and republican nominees who will compete to fill out john kerry's senate term. massachusetts had more special elections for you than regula
FOX Business
Apr 30, 2013 12:00am EDT
. the state is raking in $200 million in levies and taxes from the fracking boom, and that money is pouring right back into the communities responsible for it. states like new york and california, by the way, are hammering the rich to fill those fiscal holes. can more states follow pennsylvania's lead and stop just bleeding the everyday worker dry? for more on this i'm joined by robert bryce from the manhattan institute. robert, thanks for coming on the show. >> sure. melissa: first of all, this is quite a windfall when you look at the individual towns. i was reading a story about cumberland township in pennsylvania. they raked in half a million bad bucks, they bought a fire truck, a police cruiser, a new pavilion -- i don't know if you get that at home depot or what the deal is with that -- they also bought a ride-on mower. could other towns and states be doing this? >> well, the boom is on everywhere, melissa, and in all of the states that are producing oil and gas. pennsylvania has had big political fights over whether to have impact fees such as they're doing and distributing that money
May 2, 2013 5:00pm EDT
. not remote from people's thought process. if you want to make the economies converge and balance tax can you much put on the last percentage of people working in spain? you put people out of work and get less revenue. revenue destructive, not creative. i would say that the focus on capacity issues and not the willingness. they had the capacity for a long time and are focused on it at the subset is governance. the point where you need unanimous agreement for certain things, from belgium, the federalist system there is very awkward and hard to get results. you can get a situation where you might have -- think about the fed, what they were doing during the financial crisis. everyone went to be said for a long weekend. coming up with a whole set of buying assets, that did not work, a couple weeks two, capital injection, can that system be nimble enough to move for a moving market and expectations and fears? right now it feels relatively safe because of the work that was done by mario draghi and the central bank. .ut to take that off the table but it is not resolved. you have to have growth and h
FOX News
May 4, 2013 1:30pm PDT
't spend more implementing it but aren't we already paying more with those new taxes? mayday, unions demanding the immediate halt to deporting illegal immigrants. does big labor have the best interests of undocumented workers in mind or is this all about saving themselves? "cashin' in", looking out for your best interests right now. i'm eric boling, our "cashin' in" crew, wayne rogers and tracy burns and jonathan hoenig and top economic advisor, a professor at the university of school of business, more austin goolsby. first, max balk us said the healthcare law could be headed for a train wreck. harry reid says he is right if we don't spend more money on that. >> he said unless we implemented properly it will be a train wreck and i agree with him. >> we're not spending enough money and not implementing properly? >> here is what we have now. we have the menu, but we don't have any way to get to the menu. >> eric: that menu is chalked full of taxes and fees to pay for it. with a gives? >> how does harry reid believe that spending more money, more taxes is going to have any beneficial ef
May 2, 2013 6:30pm PDT
with our payroll tax to attract businesses -- to give a payroll tax exemption for new hires is not a good policy. changing from a payroll tax to a gross receipts tax, where it is not based on the number of employees you have and how much they are paid, but how much business you have, your business, is a better tax structure that does not harm businesses to hire more people. harman is a strong word, but does not attach the tax to your number of employees. it is a better structure, i believe. we do a lot of things to support businesses. muni improvements happening downtown, in the more distant parts of the city. supporting businesses. infrastructure we are putting in, sidewalks, lighting. all of this is important to businesses. lots of concentration on that in the downtown area. i see it as one of the big thing that we offer. we also have a pretty city. that attracts a lot of businesses. we have certain parts of the city that have really great thinking going on. you see california, as of state. our hospitals attract a lot of minds and attention. -- uc california, sf state. >> it looks like
FOX Business
Apr 29, 2013 9:20am EDT
-up for today. brace yourself, an internet tax looks likely and even amazon supports it. you might be be surprised why they're doing that. we will tell you. "the washington post" says the republicans are now pushing tax reform instead of and ahead of reining in entitlements. what do we think about that? art laffer is coming up and i'm sure he likes it. we're watching the rally monday morning. watch it happen live here. the husqvarna all-wheel-drive mower is here. engineered with a unique drive system and dual transmission. all-wheel traction. all-wheel power. all done. only from husqvarna. challenge the impossible. a brand new start.rna. your chance to rise and shine. with centurylink as your trusted technology partner, u can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile. and with responsive, dedicated support, we help you shine every day of the week. everybody has different ideas, goals, appetite for risk. you can't say 'one size fits all'. it doesn't. that's craz
May 2, 2013 4:30pm PDT
by their district. >> once again, the city is faced with tough budget decisions, including whether to raise taxes and fees or whether to make cuts. how will your approach these choices? supervisor kim: the budget is tough this year. even though our deficit is not as large as it has been, it is tough because we have made these cuts already, and did this point, we are cutting things we really do not want to cut. and it is painful. we will lose more potential services. we will also not be able to support our residents. we are looking at weekend meals for seniors. it is painful. i think we have to look at it as a combined approach. it has to be cut within city government that we can bear -- services that are less essential. second, you have to look at raising revenue in the city. i think it needs to be a combination. and third, need to be much better informed, and we have to ask our public employees to look at the budget. and they already have, but also to look back. it is a threefold approach to me. >> what are the city's housing needs him much of the board of supervisors to to address them? supervi
May 2, 2013 9:00am EDT
taxes and regulations. later fly from the heritage foundation a look at the future of the u.s. military. >> mrs. grant was also interesting. they had this extraordinary existence. for most of their lives you list as she called him as an abject failure, unable to provide for his own family. then in almost no time at all suddenly he was the most popular man in the country, the man who would save the union on the battlefield and then president of the united states. >> julia loved her time in the white house. she says in her memoirs it was like a bright and beautiful dream. most wonderful time of my life. so i think that gives you some idea of how much he enjoyed being first lady and how she felt that her husband had finally achieved the recognition he deserves. >> be part of our conversation on julia grant with your questions and comments by phone, facebook and twitter live monday night on first ladies at nine eastern on c-span and c-span3. also on c-span radio and >> james dubik discussed the future u.s. ground forces today. here's some of what he had to say. you can see the e
FOX Business
Apr 29, 2013 8:00pm EDT
norquist says more taxes is a zuckerberg out of luck? we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ we don't let frequent heartbn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur neil: all right, when taxes go up, people clampdown. it affects spending as well. >> that's right, changing the laws to allow states to tax across borders, to tax businesses in other states, internet sales is a move in the wrong direction. it will undermine tax competition, which is a good thing. i want the government of texas and the government of california to try to provide the best government at the lowest cost. and people will move to the state that provides
FOX News
Apr 27, 2013 7:00am PDT
and taxes. so what are they talk being? go ahead, gary b. >> you know, jonas says we have one of the worst air traffic control systems, i don't know if that's true, but it is pretty bad. but one of the problems with that is they're just terrible managers, getting back to toby's point. under that air traffic umbrella, they have 31,000 employees, half of which are air traffic controllers. if you're any kind of smart manager, you'd say, let's furlough the guys that aren't air traffic controllers. the other thing they did was, they made these furloughs, it didn't matter if you were atlanta hearts field airport or allentown airport, you had the same impact. you think, huh, maybe we should prioritize the hubs. this is just being a smart manager and they're not doing that. >> gary b's point, we've heard from democrats and republicans, both sides, they're saying this really was a political food fight down there and one in washington, d.c., was about politics more than anything, making travelers feel the pain to say, listen, we shouldn't do sequester. we shouldn't have budget cuts. what do you thi
Apr 30, 2013 1:00pm EDT
it all on the tax side or on the cutting site, you are going to make unsustainably and unacceptably deep cuts or high increases. >> let me ask you this, if you were to get a vote in the house , the president's entitlements could thatvenues, with the means testing, could that when a majority in your caucus? ,> the president cost proposal especially the chained cpi pie ce, this troublesome. there is evidence that suggests senior spends a disproportionate amount of income on healthcare, which tends to rise faster. if it is supposed to be an accurate measure of increased costs, we should make sure it is accurate for all of the constituents. at least itation, is a live on the democratic side. on the republican side, they have rejected entirely the idea of one more penny of revenue for the purpose of reducing the deficit. they have said they will not accept one tax break loophole closure in order to reduce the deficit. that is what the grover norquist pledge says. that is their position. they reject from the starting point the idea of a balanced approach and that has been the impediment to mov
Apr 26, 2013 6:30pm PDT
over taxes. and that the greens have long seen tensions between what you might call their idealist and their realist wings, but after this election, they may be confronted with a choice they have never faced before -- weather to go into a coalition with their old enemies. >> we will have more on that in just a moment after this report. >> the greens have a busy congress ahead of them. delegates have put forward some 2600 amendments to the party oppose the election platform. the focus is on tax policy. they want to raise the top rate of tax but disagree on weather to introduce an additional wealth tax. >> we need to pay down the debt. a wealth tax on personal assets can help, and it affects only 1% of the population. >> ahead of september's federal elections, green leaders are pushing the party's alliance with the main opposition social democrats and rejecting talk of a possible coalition with the conservative cdu. >> only if the greens are strong will be a majority be on the center-right, and only if the greens are strong can there be a coalition government. >> in a move underscori
May 2, 2013 2:30pm PDT
momentum in the global campaign to boost tax revenues by going after people with secret assets and tax havens. the british finance minister now says european countries will be working more closely with british overseas territories to identify tax cheats. the territories will now automatically provide account information to british authorities. those territories include bermuda and the cayman islands. >> in germany, tax evasion has also become a hot political issue with the general election just a few months away. it has even reached into the highest levels of the nation's most popular soccer club. >> the president of bayern munich has become the country's best known tax evader. he is not shying away from the press about an ordeal that he says has him "going through hell." >> in a newspaper interview this week, he admitted to gambling with stocks like it was an addiction. the profits were paid into a swiss bank account, but he did not mention how much in taxes he avoided paying. now, the german president has weighed into the debate, calling evasion irresponsible. m at isn't it important
May 4, 2013 7:00am EDT
. they are unemployed and not contributing to the tax base of this country. they are parasitic in throwing off a bit while regular americans -- you are part of it. thosent to raise taxes on who are still working. host: she is a reporter with "the washington post." you could explain how these numbers are quantified and how they come up with these numbers. guest: i do not support cannot support the administration. he is right when he talks about the real number of the unemployed. the way the labor department measures the number of people out of work is very technical. in order to be considered technically unemployed, you have to be out of a job and have to have not looked for jobs within the past four weeks. that is a fuzzy measurement. some folks may be unemployed but did look for work in the past four weeks but will look for work in the next four weeks. they're different categories of books marginally attached to the labour force who are discouraged workers who want a job but have given up looking because they feel there is nothing out there for them that add to a larger rank of the unemployed work
Apr 27, 2013 8:00am EDT
pronounced if you mention the fact that government services are paid for by taxes, and you might have to pay more taxes if you get more government services. but at the same time, even many of the same americans who would answer in a limited government way when asked that question by pollsters do not, in fact, want the federal government to stop doing a lot of the things that it currently does. or they don't see it as having an immediate or near-term cost to them. and so i think there are tw two examples of this that, to me, i think really encapsulate this well, and i'm going to focus on people who are more conservative rather than more moderate for these examples. "the new york times" did a story on the tea party, and they quoted a woman named jodi white, and she said that she was conflicted with these entitlements and things like that. she said, you know, i guess i want my social security and smaller government too. which is, you know, there are people who ought to be more familiar with the workings of the federal budget than random people quoted in news stories who nevertheless take this s
Apr 29, 2013 5:30pm PDT
intervene and explore who the fighters are behind the rebellion. >> ifill: then, taxing the internet. we discuss how congress may be changing the way we pay for the things we buy. >> woodruff: basketball's jason collins becomes the first male pro athlete still playing one of the big four sports to come out and say he's gay. we assess what his announcement means for sexual stereotypes on and off the court. >> ifill: ray suarez reports on today's gathering of holocaust survivors and the veterans who helped save them, to mark the 20th anniversary of the u.s. holocaust memorial museum. >> woodruff: our "daily download" looks at the bogus tweet last week that sent the financial markets into a minutes-long nosedive. >> ifill: and hari sreenivasan explores "pandora's lunchbox" with the author of a new book on processed foods. >> technology has merged with food production in a way that few of us, i think realize, but i the way our bodies procession food, it's stuck somewhere in the stoneage. >> ifill: that's all ahead on tonight's newshour. >> major funding for the pbs newshour has been provided
Apr 28, 2013 9:00pm EDT
millionaires a tax cut, including himself? >> the people who should be apologizing is the party for creating this mess in the first place. specifically on his point, we will be asking the richest in our country to pay more in every year of this parliament than he ever did in any year of his parliament. that is the truth. >> mr. amess. >> my mother was very sad about the death of baroness thatcher but was delighted that my party signed a referendum on the relationship with the european union. given my mother will first base 01 next thursday, she wondered if the referendum could be brought forward. [laughter] >> can i, first of all, send my fond regards to your mum and wish her a long and happy and healthy life and remind her if she votes conservative in 2015 she will have that in our referendum that the country eserves. >> mr. miliband? >> may i join you in paying tribute to lance corporal jamie webb to the first battalion mercian regiment. he showed the utmost courage and bravery and the thoughts of this whole house are with his family and friends. mr. speaker, people are hearing today about
FOX Business
Apr 30, 2013 9:20am EDT
of the expiration of the payroll tax, right? i thought the payroll tax was supposed to go to social security? is that going into the general fund? wait a second, i didn't think that was how that was supposed to work. >> this debt paydown was sold because we raised taxes on the rich and on social security taxes all raised january the 1st, but the problem, what happens when we get into the second and third quarter and we see the results after slowing economy because we raise taxes? >> we're going to have to continue to hear these budget estimates based on some magical number of growth, somewhere around the 4% and the europeans do it, we're doing it and i just scoff every time i read the budget forecasts because they're made on unrealistic growth estimates. stuart: do not follow the example of those europeans, whatever you do, tres. thank you for being with us. we're off and running this tuesday morning. you can see it, if you look carefully, robert downey, jr., he's at the new york stock exchange, he's the gentleman in that suit lightly to the left of your scene upper box there. got the new mo
May 4, 2013 2:30pm PDT
class and opponents of higher taxes. he came out fighting, taking opposition plans to raise taxes yet again. it is a message that residents of the party faithful gave him a rousing round of applause. , sugar taxes, that is what they want. any relief --we cannot break the middle class with taxes. the promise of no more taxes will a popular, election time. the fiscal conservatives are sticking to principles heading into this year's federal election. polls placed in the 45% margin needed for parliament. the keynote address have the desired effect, rallying the rank and file. he has proved his leadership skills. he showed we are strong and ready. we are ready to start this campaign. the speech was fantastic. he stated what we stand for. we oppose. including, in a maze of freedom, and higher taxes. >> they are putting together the party's principles. the parties leadership candidate delivers his campaign address this sunday. >> before political correspondent covering the conference. we asked him how confident the ftp is, given its weak standing in opinion polls. >> it is a strangely chaste
FOX Business
Apr 29, 2013 11:00pm EDT
norquist says more neil: grover norquist says more taxes you hurt my feelings, todd. i did? when visa signature asked everybody what upgraded experiences really mattered... you suggested luxury car service instd of "strength training with patrick willis." come on todd! flap them chicken wings. [ grunts ] well, i travel a lot and umm... [ male annocer ] at visa signature, every upgradedxperience comes from listening to our cardholders. visa signature. your idea of what a card should be. visa signature. at od, whatever business you're in, that's the business we're in with premium service like one of the best on-time delivery records and a low claims ratio, we do whatever it takes to make your business our business. od. helping the world keep promises. a brand new start. your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile. and with responsive, dedicated support, we help you shine every
FOX News
Apr 27, 2013 1:30pm PDT
to prop up the own economy. you say tax money being used good thing in this case? >> yeah, i think so. because you are talking about revitalize ago downtown area that is destitute and moribound. idea is to help pay off the student loan but help to pay it off those students will rent or buy a home in a distressed area. that is the payoff. so the city gains by getting an educated people. they have to have a degree, either two-year or four-year degree to qualify for this. they don't think ghet by just being there. you are getting educated people, upscale people to come into a downscale area. that is going to help everybody. they will create jobs. they will spend money and do all of those things that is good for that area. >> eric: jonathan, i am guessing you don't like the idea? >> you getting more subsidy and wealth destruction. they subsidize you to go to college and you have $25,000 in student loans now it's going to subsidize so you can live in area so you can pay off the loans you were supposed toed pay off in the first place. $25,000 in student debt is because of the government int
May 2, 2013 3:00pm EDT
, enough with the tax increases already. it's time to cut taxes the europe. is there a lesson in what he says for the u.s.? chief international correspondent michelle caruso-cabrera will be here with that story, coming up. >>> and then a jobs report tomorrow disappoints, will that spark a sell-off on wall street that so many have been predicting? we will navigate that and tell you what to expect later, on the "closing bell." tdd#: 1-800-345-2550 when i'm trading, i'm so into it, tdd#: 1-800-345-2550 hours can go by before i realize tdd#: 1-800-345-2550 that i haven't even looked away from my screen. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that kind of focus... tdd#: 1-800-345-2550 that's what i have when i trade. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 ...helps me keep an eye on what's really important to me. tdd#: 1-800-345-2550 it's packed with tools that help me work my strategies, tdd#: 1-800-345-2550 spot patterns and find opportunities more easily. tdd#: 1-800-345-2550 then, when i'm ready...
FOX News
May 4, 2013 3:00pm PDT
because you feel like you can save a little money on sales tax in some cases. but that could actually change very soon. we'll take a closer look at a brand-new bill that's about to get a vote in the senate and what it could mean for i couldn't on-line shopping. also army of firefighters trying to beat back flames as a missive wildfire threatens thousands of homes. dominic denatale is live from southern california. >> thousands fire personnel praying the weather turns in their favor as we have an intense start to the wildfire season here in california. i'll have all the details for you in just a moment. the wright brothers became the first in flight. [ goodall ] i think the most amazing thing is how like us these chimpanzees are. [ laughing ] [ woman ] can you hear me? and you hear your voice? oh, it's exciting! [ man ] touchdown confirmed. we're safe on mars. [ cheers and applause ] ♪ hi. [ baby fussing ] ♪ even in stupid loud places. to prove it, we set up our call center right here... [ chirp ] all good? [ chirp ] getty up. seriously, this is really happening! [ cellphone rings
Apr 29, 2013 12:00am EDT
hit hard in the pockets, those the prime minister want to apologize for giving millionaires' tax cuts. >> the people but should apologize are the people that created it in the first place. ask the rich to pay more than he ever did. that is the truth. >> my mother-in-law was very aside by the death of mrs. thatcher, but she was delighted my right hon. friend committed .er our party to the referendum she wondered if the referendum could be brought forward. >> can i first of all seven my fond regards to your mother and wish for a long and happy and healthy life and remind her if she votes conservative in 2013 in thel have that referendum. >> can i join you in paying .ribute to jamie webb he showed the utmost courage and bravery, and the thoughts of this whole house always him. -- of this whole house are with him. we heard of a treatment center. and what does the prime minister have to say about those working hour by hour? >> first of all but this government is expanding funding, and we will not take the device of the party opposite who thought increases and spending were irresponsible. t
FOX News
May 2, 2013 3:00pm PDT
.s. citizens if they meet requirements like learning english and paying back taxes. 70 percent of the voters favor that only 21 percent oppose. there are plenty concern about the boston tersor. eye new poll found if the bombings change would their opinion on a path of citizenship for illegal immigrants 23 percent said yes . 70 percent said no . that could increase the likely of terror, sevenpercent said decreasing the likelihood and 66 percent said no difference. >> here in mexico, the president needs to be serious on board security. >> that is a major confession. what we expect is to modernize our immigration citizen and have the tracking system and five and half billion in border security in addition to what is spent. >> rubio is a key architect for the gang of 8. >> i am optmistic we are going to get comprehensive immigration reform passed. >> he appeared to not push harder on the guns and showing he is all in on immigration reform. he had a private meeting with a dozen latino leaders to try to push for a deal, bret. >> the president of mexico city. ed henry, thank you. >> what is the dif
Apr 27, 2013 11:00am PDT
hey roll taxes could have on consumer spending and the sequester, what that could do to the expansion, you may want to hold the champagne for another occasion. steven moore, senior economic writer and editorial board member, and professor robert rooich, a former secretary of labor under president clinton and author of beyond outraged, now available on paperback. should we be anticipate with 2.5% growth? does that indicate things are getting better for most americans? >> take anything we can get. the average growth over the last year has been about 2%. we're definitely going in the right direction. i agree with you, it is too early to break out the champagne. there are a lot of storm clouds on the horizon at sequester that very low proportion of working age americans actually in the workforce, about as low as we have had since 1979. >> is that because of retiring? are they giving up hope or retiring? >> well, some of them are undoubtedly giving up hope. they're not moving back into work. many are men who are over 55 years old and can't get work and out of work for a record length of ti
May 3, 2013 5:30pm PDT
over the years. one reason is that the tax system is too complicated. he's asking the brazilian government to review it and look at other changes that could improve the business environment. japan is viewed as an important trade partner. he indicated that the tax burden on brazilian companies is similar to that of foreign firms. >>> people looking for work in the united states are seeing improvements. the latest figures show employers added more jobs than expected in april. and the unemployment rate hit more than a four year low. u.s. labor department spokespersons say the unemployment rate last month was 7.5%. that's down 0.1 percentage points. employers added 165,000 jobs in the nonfarm sector. analysts had expected about 150,000. employment opportunities increased in professional and business services and health care and places where people eat and drink. payroll in the manufacturing sector was flat. economists see positive signs in this latest job report. but they point to a couple of details that show that the u.s. labor market is still burdened with challenges. >> the apri
Apr 30, 2013 6:30am PDT
a business plan. then we look at the three-year tax return and that statement. we do a lot of home care and mom-and-pop shops. we also do start ups. we asked for approval through documents. we work a lot with people who do not know how to file taxes properly. we are mainly focused in san francisco. we are small. we focus mainly on the tenderloin, chinatown, bayview, visitation. we do a lot of expansion. people start small through the credit union and then want to go to the bank. we know we are limited. we cannot afford to give out a big loan. starting from the credit union, we educate them about filing taxes properly and then moving on to the bank, a small one, expansion, and we work with the bank. the bank and credit union are similar. we do allow tax returns, projections. credit unions do not charge an additional loan or processing fee. processing time, on a small loan, -- consumer loans probably a few days. because we require a business plan, sometimes it takes longer. business plans take a while. especially bank statements. we need to see consistent income coming in. so far, a credi
May 1, 2013 12:00pm PDT
concerned one ip -- hear people say the payroll tax is a job killer. maybe in some industries the payroll tax might be a disincentive on business going forward, but i would not be surprised if we came out of the whole discussion about remaking our tax for next year that it involves a combination of a payroll tax, commercial occupancy tax, and gross receipts tax. all of that could be in a remade form of our business tax structure. >> that is a good question to ask. i will ask this monday. >> i was born in of los angeles. i was in a mexican-american, a chicano town. my dad was a launch your worker. my mother was an office worker at usc. my parents were divorced when i was 10 years old. i moved to the east coast and lived there for six years and then fled back to california after high school. i went to school at uc santa barbara. i have been in san francisco since 1989, have lived in the excelsior since 1999. the difficulty is, muni often sees it as an industrial area, not a neighborhood. we have to figure out how to make it work as a neighborhood and as a place that can service the light ra
May 4, 2013 6:30am PDT
increase in the payroll tax, coming from the sequester, and that's what bernanke was referring to. i got to tell you, i disagree a little with your premise that only reason the stock market is up is because of the fed action. i think that's confused. on the real side of the economy, corporate profits are the highest they've ever been as a share of gdp. if corporate profits are high you'll see a strong market. that's what the valuations are based on. >> they have a lot of money in the bank and they're able to get the corporate profits at record highs without commensurate hiring and so far that has been good for their bottom line. >> yes, i agree with that. >> does that go on in perpetuity? moe head mohamed, where does that leave the middle class? >> that's the big question. first on the stock market undoubtedly corporate profits and cash buybacks and dividends have helped the stock market but the stock market has come up all the way up here. part of it is justified but what we just talked about, but another part is justified by the fed very aggressively pushing people to take more risk. a
May 4, 2013 8:00am EDT
think it does. i think the coward is the person who is programmed -- as a person who wants to tax the rich who everyone hates. i hope to be part of that as i said. they are not cowards. cowards of the people in washington who continue to pile on debt on my kids, on your kids, on our grandkids. and the third reason i call the book "obama's four horsemen" is because i actually think we are doomed. i don't mean that, there's no happy ending in the end of my book. there's no accepted we do this because i don't know how to get out of this and that's what i would like to open it up. because i've yet, no one has convinced me there's way out of these problems. sorting out the debt problem, serving up the dependency problem which is much greater than we talk about. the death problem everyone mentions unfunded liabilities and we don't know whether this, maybe 50 trillion. i don't think these calamities will transform into somalia. we're not going to be bangladesh. we are too good for that i think, but this iteration of the united states i think is over and it will be something new. kevin wi
FOX Business
May 1, 2013 8:00pm EDT
tax rates and huge before kit government spending rewarding people for not working. this is a tragic sit of policies, and consequences are coming home to roost. lou: the neil: they do the best for their shareholders. they are not doing the type of things you saw with reagan boom or clinton boom. where they are nene enough it is a real boom, we're seeing little of that p -- of that to the poit there is none of that. >> there is no boom, they are antigrowth, and antiemployment, they keep doing it over, and over, and keep wondering why they don't get a different result, they will not, people do not work to pay taxes, people work to get what they can after taxes, there is no incentive. that is why they find best use of their money to give it to shareholders and shrink the companies that is what they are doing, reverse capital offering. they are selling their companies and shrinking it down. neil: then, you year-over-year comparison with that, you get just about as much blood as you can from the stone, you have to wonder with the growth comes from, many argue it comes from abroad, we're g
FOX Business
Apr 28, 2013 2:00am EDT
nukings. >> coming up next, green car maker psker getting access to hundreds of millions of your tax dollars. there is word that the u.s. government may have helped to drive it in the financial hole. the sixth american arrested there. >> this is a green investment story to turn you red with anger. not only are the taxpayers on the hook for the government's investment for the car maker approximate fisker. our government's plan may have put it on the verge of. like pushing them to build cars and vice-president joe biden's state of delaware and john said this is why dc should get out of green us businesses and all businesses. >> without question. if the federal burrcrats hay clue they would be making billion necessary the private sector and venture capitolist say they are wrong. and the notion that federal burrcrats with no profit plin can do better it i laughable. its time to exit and give it back to the private sector. >> rick, the government pushed the car company while it losing $550,000 for every car they sold. >> there was no way can successfully defend the investment in fiscer. i
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